SHA:600238 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	59.15	16.29	39.68	23.14	91.3
Cash & Short-Term Investments	59.15	16.29	39.68	23.14	91.3
Cash Growth	263.12%	-58.94%	71.50%	-74.66%	-58.51%
Accounts Receivable	54.85	42.57	68.49	122.06	94.63
Other Receivables	25.97	21.14	25.39	63.25	67.94
Receivables	80.82	63.71	93.88	185.31	162.57
Inventory	291.34	266.61	276.18	321.58	306.75
Other Current Assets	88.96	85.3	139.6	100.13	147.86
Total Current Assets	520.27	461.25	573.25	630.17	708.48
Property, Plant & Equipment	157.93	171.05	176.73	189.57	221.2
Long-Term Investments	171.83	177.51	185.27	223.09	221.67
Other Intangible Assets	16.41	17.28	19.45	20.66	72.83
Long-Term Accounts Receivable	-	-	-	14.76	-
Long-Term Deferred Tax Assets	34.65	39.82	69.07	81.24	52.32
Long-Term Deferred Charges	1.04	0.49	0.68	6.92	0.54
Other Long-Term Assets	23.44	18.98	19.48	19.52	-
Total Assets	925.58	886.39	1,044	1,186	1,277
Accounts Payable	157.53	126.8	112.17	127.7	88.96
Accrued Expenses	35.83	35.92	31.23	46.67	41
Short-Term Debt	70.1	207.73	152.58	143.72	185.02
Current Portion of Long-Term Debt	103.74	32.86	29.52	123.11	21.23
Current Portion of Leases	-	1.58	2.02	7.32	3.68
Current Income Taxes Payable	32.01	2.08	2.08	3.36	2.1
Current Unearned Revenue	94.25	91.33	149.45	106.93	114.06
Other Current Liabilities	242.67	69.08	79.47	98.55	99.94
Total Current Liabilities	736.13	567.38	558.5	657.35	555.99
Long-Term Debt	12.8	105.86	131.46	11.4	117.87
Long-Term Leases	2.44	8.68	8.03	25.47	2
Long-Term Unearned Revenue	1.53	2.99	4.45	6.16	7.64
Long-Term Deferred Tax Liabilities	7.79	7.26	9.64	10.54	8.63
Other Long-Term Liabilities	59.39	55.44	55.32	62.33	58.06
Total Liabilities	820.09	747.61	767.41	773.25	750.19
Common Stock	448.2	448.2	448.2	448.2	448.2
Additional Paid-In Capital	109.85	109.85	109.85	90.88	127.49
Retained Earnings	-480.92	-447.2	-311.06	-161.9	-78.6
Comprehensive Income & Other	-2.4	-2.5	-2.37	-2.04	-1.87
Total Common Equity	74.73	108.36	244.63	375.15	495.22
Minority Interest	30.76	30.42	31.89	37.54	31.63
Shareholders' Equity	105.49	138.78	276.51	412.68	526.85
Total Liabilities & Equity	925.58	886.39	1,044	1,186	1,277
Total Debt	189.09	356.7	323.6	311.01	329.81
Net Cash (Debt)	-129.93	-340.41	-283.92	-287.88	-238.51
Net Cash Per Share	-0.27	-0.75	-0.63	-0.63	-0.52
Filing Date Shares Outstanding	893.15	448.2	448.2	448.2	448.2
Total Common Shares Outstanding	893.15	448.2	448.2	448.2	448.2
Working Capital	-215.86	-106.13	14.75	-27.18	152.48
Book Value Per Share	0.08	0.24	0.55	0.84	1.10
Tangible Book Value	58.31	91.08	225.18	354.49	422.39
Tangible Book Value Per Share	0.07	0.20	0.50	0.79	0.94
Buildings	-	196.86	196.86	186.39	203.54
Machinery	-	140.57	137.54	147.26	148.22
Construction In Progress	-	7.5	3.66	4.01	17.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.